NextEra Energy, Inc. $NEE Shares Acquired by Park Place Capital Corp

Key Points

• Park Place Capital Corp increased its stake in NextEra Energy by 33.1%, now holding 20,163 shares valued at approximately $1.47 million.
• NextEra Energy's stock has a consensus rating of "Moderate Buy" with a target price of $84.08, as several analysts have set varying price targets ranging from $67.00 to $88.00.
• The company recently announced a quarterly dividend of $0.5665 per share, yielding around 3.0%, with a payout ratio of 79.02%.

Park Place Capital Corp boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 33.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,163 shares of the utilities provider's stock after purchasing an additional 5,009 shares during the quarter. Park Place Capital Corp's holdings in NextEra Energy were worth $1,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares during the period. Northern Trust Corp boosted its position in NextEra Energy by 1.1% during the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock valued at $1,655,512,000 after purchasing an additional 262,819 shares during the period. Goldman Sachs Group Inc. boosted its position in NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares during the period. GQG Partners LLC boosted its position in NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price target for the company. HSBC reduced their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Finally, Barclays boosted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.08.

NextEra Energy Stock Up 0.5%

NEE opened at $76.20 on Tuesday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock's fifty day moving average is $72.63 and its 200-day moving average is $71.09. The company has a market capitalization of $156.92 billion, a PE ratio of 26.64, a P/E/G ratio of 2.61 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The company's quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy's payout ratio is 79.02%.

Insider Buying and Selling

In other news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock valued at $1,539,610 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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